AMC Entertainment (NYSE: AMC) reported Q1 EPS of $0.07, in-line with the analyst estimate of $0.07. Revenue for the quarter came in at $1.28 billion versus the consensus estimate of $1.25 billion.

• AMC set first quarter records for the three months ended March 31 period for all revenue categories: admissions, food and beverage and other.
• Total revenues increased 67.5% to $1,283.4 million compared to total revenues of $766.0 million for the three months ended March 31, 2016.
• Admissions revenues increased 69.4% to $817.3 million compared to $482.6 million for the same period a year ago.
• Food and beverage revenues increased 63.0% to $397.9 million, compared to $244.1 million for the quarter ended March 31, 2016.
• Net earnings decreased 70.3% to $8.4 million compared to $28.3 million for the three months ended March 31, 2016. Included in net earnings for the first quarter of 2017 and 2016 were approximately $26.2 million and $3.9 million, respectively, of after-tax merger and acquisition expenses associated with prior acquisitions. Excluding merger and acquisition expenses in both years, net earnings increased 7.5% to $34.6 million.
• Diluted earnings per share (“diluted EPS”) decreased 75.9% to $0.07 compared to $0.29 for the same period a year ago. Average diluted shares outstanding in the first quarter of 2017 increased approximately 23.6% compared to the first quarter last year as a result of equity consideration for the Odeon Cinemas Group (“Odeon”) and Carmike Cinemas (“Carmike”) acquisitions completed in 2016 and the successful completion of an equity offering in February 2017.
• Adjusted EBITDA1 increased 71.5% to $251.3 million compared to $146.5 million for the three months ended March 31, 2016.
• Results for the 2017 first quarter include the contribution from two acquisitions completed during the fourth quarter of 2016 and one acquisition completed in the last week of the first quarter of 2017. The acquisition of Odeon and Carmike were completed on November 30, 2016, and December 21, 2016, respectively, and AMC completed the acquisition of Nordic Cinema Group Holding AB on March 28, 2017.

For earnings history and earnings-related data on AMC Entertainment (AMC) click here.